Hyundai hikes vehicle prices by over Rs 20,000

Hyundai Motor Co's India unit, the country's second biggest carmaker, said it raised vehicle prices by up to Rs 20,878 due to an increase in input costs and currency fluctuations.

Reuters | Last Updated: February 01, 2013 16:44 (IST)

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Hyundai Motor Co's India unit, the country's second biggest carmaker, today raised vehicle prices by up to Rs 20,878 due to an increase in input costs and currency fluctuations.

Many companies in India, including No.1 carmaker Maruti Suzuki India Ltd and the local unit of General Motors Co, have hiked prices in recent months despite a slowdown in car sales, as rising costs threaten margins.